Key Points Shares of the air taxi maker have plummeted this year. However, Joby has made several smart acquisitions. Joby is expected to double its revenue next year. 10 stocks we like better than Joby Aviation › No U.S. company is closer to commercializing an electric air taxi than Joby Aviation (NYSE: JOBY) . And yet in a market that is one of the most expensive in history, Joby's stock has been moving in the opposite direction. There isn't one reason Joby stock has lost over half its value on the year. Most likely, cash burn, dilution, rising operating expenses, uncertainty around its FAA type certification, and a blistering-high valuation have collectively cooled Wall Street's enthusiasm.
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